Best Buy Contract Win

RNS Number : 2168J

Wincanton PLC

26 March 2010

 



For Immediate Release

26 March 2010

Wincanton plc

("Wincanton")

 

Wincanton secures five-year contract with Best Buy UK

Wincanton, the leading European provider of supply chain and business outsourcing services, has secured a five-year storage and distribution contract with Best Buy, a leading consumer electronics retailer, ahead of its launch in the UK in Spring 2010.

Wincanton has refitted a distribution centre at its Daventry site for Best Buy and has developed software to integrate with the retailer's IT systems, enabling efficient goods monitoring and distribution.

Wincanton's Chief Executive, Graeme McFaull, comments: "This partnership confirms Wincanton's market leadership in the retail sector and demonstrates the continued growth of our core business in the UK & Ireland, complementing the progress we are making in Mainland Europe and in our newer sectors and services."

"Best Buy is one of the most exciting companies in global consumer electronics retailing, and we are delighted to be working with them, particularly as Best Buy's values mirror our own. We're both equally passionate about customer service - it's at the core of everything we do."

Stuart Lacey, Supply Chain Director for Best Buy UK said: "I'm delighted to announce Best Buy's partnership with Wincanton.  I'm confident that together with the team at Wincanton, we will bring Best Buy's enthusiasm and passion for providing a high level of customer service to the homes of our customers."

For further enquiries please contact:

Wincanton

Graeme McFaull, Chief Executive

Gerard Connell, Group Finance Director                        [phone]

Buchanan Communications                                   

Charles Ryland / Jeremy Garcia / George Prassas       [phone]

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Editors' notes:

Wincanton plc - leading supply chain solutions
Wincanton is the leading European provider of supply chain and business outsourcing services. It employs 30,000 people across Europe, producing an annual turnover of over £2.36bn / €2.85bn, and offers a broad spectrum of services that enable clients to optimise their logistics requirements at local, national or regional level.

Serving some of the world's leading companies, Wincanton offers extensive experience in many market sectors, including automotive, chemicals, consumer goods, construction, defence, food service, high tech, industrial, energy & petroleum and retail.

Wincanton is focused on operational excellence, continually striving to provide value and product leadership through a detailed understanding of companies' requirements.  The results are solutions that allow customers to focus on their core business. Warehousing solutions are tailored to requirements on a dedicated, shared-user or networked basis, while transport is provided utilising road, rail, air and intermodal systems. Further information on Wincanton's unique achievements and competencies can be found by visiting www.wincanton.co.uk

About Best Buy and The Carphone Warehouse

In 2006 Best Buy established a partnership with the Carphone Warehouse to bring its business model and mobile phone expertise to the US market under the banner 'Best Buy Mobile'. Two years later, Best Buy acquired 50% of the Carphone Warehouse's European and US retail interests for £1.1billion, creating Best Buy Europe. The new venture is designed to accelerate the development of Carphone Warehouse's retail proposition and to introduce Best Buy stores across Europe, beginning in the UK in spring 2010.

For more information go to www.bestbuy.co.uk. 

About Best Buy
Best Buy was founded in 1966 as the Sound Music Store, a small audio components boutique, in St Paul, Minnesota. By 1978, there were more than 12 stores in the chain, and in 1983 it adopted the Best Buy name. Today Best Buy is the number one speciality consumer electronics retailer in the world. It accounts for approximately 21% of the US consumer electronics market and ranks at number 56 in the Fortune 500. In 2008 Best Buy's annual turnover exceeded $40 billion and it employed over 150,000 people worldwide.

 

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